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This time a good jump can be seen in Bitcoin. A good jump can be seen this month.
The way Bitcoin is growing right now
Bitcoin Statistics:
• Market Cap:_ $1,245,119,624,443
• 24-hour Volume:_ $28,056,762,163
•Circulating Supply:_ 19,756,871 BTC
• Total Supply:_ 19,756,871 BTC
• Max Supply:_ 21,000,000 BTC
Bitcoin's role in the crypto ecosystem
Dominance: Bitcoin typically holds the largest market capitalization, often representing more than 40% of the entire cryptocurrency market capitalization.
Leading Technology: Bitcoin was the first implementation of blockchain, and its technology laid the foundation for thousands of other cryptocurrencies and blockchain projects.
Layer 2 solutions: To improve scalability, solutions like the Lightning Network allow faster, lower-cost transactions by conducting off-chain transactions and later settling them on the Bitcoin blockchain
Price Performance for September 2024:
Early September: Bitcoin started the month relatively stable, hovering around $26,000 to $27,000.
Mid-September: Bitcoin saw a notable jump, moving past the $28,000 mark as optimism around the Bitcoin ETF approval began to rise.
End of September: By the end of the month, Bitcoin tested the $30,000 level, with positive news about institutional adoption and a more favorable regulatory outlook.
